bare
any premier.
um at all
slow.
The
ou w
bar
of the new line of
opening of the
Steamers between California
and
China
which is in contemplation for next year may modify the foregoing reasoning I by causing the principal supplies of silver for the East to come direct from the producing countries instead of passing
by England; and the adoption
of
a
gold
currency in India if carried out will
greatly diminish the demand for silver. But the
are
primary
consideration is that
hardly likely to have the billion on the opening of the mint and if not should the mint be left idle or how should it be utilised?
The immediate production of
dollars as possible I
many Hong Kong hold be be of the greatest importance for
the sooner
they
are circulated and known
370
the sooner will the Chinese learn to appreciate them and if
of in the first year of the mint's
existence no loss is entailed
on Government
and a goodly number of dollars are
compared in circulation
a
great
object will have been attained. The required to prevent actual loss I take to be simply the difference in cost between the mint idle and the mint at work for the Colony is bound for the present be supposed in either case.
difference
That
is made up of the expense of
coals and additional local Staff
which